or compliance with the terms of this indebtedness. The Company expects
to continue to borrow under this facility until its maturity in 2011.
(6) The increase in the balance of the redeemable preferred stock and
accrued dividends from December 29, 2007 is due to the accretion of the
discount on the liability recorded for the preferred stock offering
completed during the second quarter of 2007 and the cumulation of the
quarterly dividends on the preferred stock.
(7) Increase in other liabilities from December 29, 2007 is primarily due
to an increase in the deferred rent liabilities resulting from the
addition of new leases in 2008 and the related receipt of lease
construction incentives, which are recognized over the lives of the
respective leases.
Table 3
Duane Reade Holdings, Inc.
Operating Data
(Unaudited)
(Dollars in thousands)
For the 13 Weeks Ended For the 39 Weeks Ended
September September September September
27, 2008 29, 2007 27, 2008 29, 2007
LIFO EBITDA(1) $8,798 $11,798 $40,078 $28,675
LIFO Expense 800 600 2,400 1,800
FIFO EBITDA(1) $9,598 $12,398 $42,478 $30,475
FIFO EBITDA as a
percentage of net sales 2.2% 3.0% 3.2% 2.4%
Adjusted FIFO EBITDA(2) $21,183 $19,339 $64,367 $53,646
Adjusted FIFO EBITDA as a
percentage of net sales 4.9% 4.7% 4.9% 4.3%
Capital expenditures $6,790 $6,652 $23,111 $20,058
Lease acquisitions, customer
files and other costs
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